2014-02-07 22:25:05 - Greece Insurance Report Q1 2014 - a new market research report on companiesandmarkets.com
The news flow and data from Greece´s insurance sector highlights three key themes. First, the economic crisis has finally had a (brutal) impact on the non-life segment. Second, premiums in the life segment have held up remarkably well until the end of 2012. Third, the consolidation of Greece´s banking sector is something of a wildcard, and may bring around a consolidation among insurance companies as well.
Key Insights And Key Risks As of late 2013, it is clear that conditions remain grim for many of the players in Greece´s embattled insurance sector. An earlier boom in sales of investment-linked products reversed during H113, with a result that revenues plunged by 49% to just EUR106mn. Premiums from traditional life policies dropped by
7%. It is no longer correct to describe the segment as resilient.
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